International

Crypto exchange Huobi plans to lay off about 20 per cent of its staff, the company told Reuters on Friday, in the latest instance of cost-cutting in the industry as investor ...

Germany’s Continental (CONG.DE) and California-based artificial intelligence chip firm Ambarella (AMBA.O) announced a partnership on Thursday to make software and hardware systems for autonomous driving. The two ...

China’s decision to end a more than decade-long subsidy for electric vehicle purchases has forced automakers, including Tesla (TSLA.O), to deepen discounts to maintain sales as demand eases ...

When Sony Corp Group (6758.T) teases “Gran Turismo,” its long-awaited adrenaline-fueled film adaptation of Sony PlayStation’s hit car-racing franchise at the CES 2023 technology trade show this week, it will ...

Silvergate Capital Corp (SI.N) reported a sharp drop in fourth-quarter crypto-related deposits on Thursday and said it would cut its workforce by 40 per cent, or about 200 employees, as withdrawals ...

Greggs (GRG.L) said its Festive Bakes, mince pies and salted caramel lattes, along with breakfast and lunch offers, appealed to cash-strapped Christmas shoppers, helping like-for-like sales rise 18.2 per cent ...

Investors sold a record 8.38 billion pounds ($10 billion) worth of UK-focused equity funds last year, shunning Britain as the country braces for the worst recession among major economies, a global funds ...

Tesla Inc (TSLA.O) delivered 55,796 China-made electric vehicles in December, the lowest level in five months, according to data from the China Passenger Car Association (CPCA) on Thursday. That was ...

The boss of British clothing retailer Next (NXT.L) said that while the consumer outlook for 2023 had darkened he took comfort from the country’s low level of unemployment. “If ...

A US bankruptcy judge ruled on Wednesday that Celsius Network owns most of the cryptocurrency that customers deposited into its online platform, meaning most Celsius customers will be last in ...

US prosecutors are in the process of seizing shares of Robinhood Markets Inc (HOOD.O) tied to Sam Bankman-Fried, who has been charged with fraud in the collapse of the ...

Oil rebounded over 2 per cent on Thursday after posting the biggest two-day loss for the start of a year in three decades with the shutdown of a US fuel pipeline ...

Samsung Electronics Co Ltd’s (005930.KS) quarterly profit will likely plunge 58 per cent to its lowest in six years as a global economic downturn saps demand for electronic devices and ...

British businesses are gloomy about prospects for 2023 as they face the likelihood of a surge energy bills and ongoing post-Brexit trade difficulties, the British Chambers of Commerce said late on ...

FTX’s former top lawyer Daniel Friedberg has cooperated with US prosecutors as they investigate the crypto firm’s collapse, a source familiar with the matter said, adding pressure on ...

The Federal Reserve ended 2022 with a firm promise at its December policy meeting that interest rates would continue rising this year, but at a slower pace and perhaps only by ...

The Egyptian pound weakened to 26.49 to the dollar on Wednesday, its biggest one-day move since the central bank allowed it to fall by 14.5 per cent on Oct. 27, according Refinitiv Data. ...

Banks should be more careful about the risks of fraud, legal uncertainty and misleading disclosures by crypto firms, US regulators warned on Tuesday, just two months after the collapse of ...

Oil fell sharply on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy and China’s rising ...

US companies, from tech majors to consumer firms, are bracing for a potential economic downturn by shrinking their employee base to streamline operations. Job cuts announced by US-based employers jumped 13 ...

Goldman Sachs Group Inc’s (GS.N) top dealmakers are bullish on a recovery in global mergers & acquisitions (M&A) in the second half of 2023 despite a slowdown ...

Having weathered a dire 2022, many global hedge fund managers are preparing this year for persistent inflation and seeking exposure to commodities and bonds that perform well in such an environment. ...

Sam Bankman-Fried pleaded not guilty on Tuesday to criminal charges that he cheated investors in his now-bankrupt FTX cryptocurrency exchange and caused billions of dollars in losses, in what prosecutors ...

Tesla Inc (TSLA.O) shares kicked off 2023 with a near 4 per cent drop on Tuesday, extending a selloff from their worst year on growing worries about weakening demand and logistical ...